General News
Supreme Court Says Broker Liability Case Can Proceed
The high court ruled unanimously in favor of Shawn Montgomery, who lost part of his leg after an accident on an Illinois highway in 2017.
Honda Records Its First Annual Loss on Costly EV Strategy
Honda forecast a return to profit for the fiscal year through March 2027, at $1.7 billion.
Amazon’s AI Success Sends Stock Toward $3 Trillion Club
The cloud-computing and e-commerce giant has a market value of $2.9 trillion after adding $432 billion this year.
House Approves Higher-Ethanol Gasoline in Biofuels Boost
The measure, which passed 218-203 in a vote May 13, still needs approval in the Senate, where its prospects are uncertain, and then support from the president.
Allegiant Air and Sun Country Complete Merger
Along with passenger flights, Sun Country brings into the fold cargo flying for Amazon, as well as charter trips.
Oil Prices Dip With No Clear Ending to Iran War
Brent crude, the international standard, was 19 cents lower at $105.44 per barrel.
New Diesel Engines Come With Fewer Headaches, OEMs Say
“We made sure that going into 2027, our service intervals are improving,” International Motors Director of Engineering Navtej Singh said at ACT Expo.
Senate Confirms Warsh to Lead Federal Reserve by Slim Vote
The Senate narrowly confirmed Kevin Warsh as chair of the Federal Reserve, setting up a controversial leadership transition at the U.S. central bank.
Ford Shares Surge on Energy Storage Outlook
Ford stock surged May 13 after Morgan Stanley issued a bullish call that the automaker’s energy storage business could soon make a deal with hyperscalers.
OEMs See Positives in Third-Party Safety System Ratings
Attendees of the 2026 Advanced Clean Transportation Expo heard original equipment manufacturers welcome the prospect of IIHS ratings for larger vehicles.
Rep. Larsen Highlights Bipartisanship in Highway Bill Debate
Rick Larsen (D-Wash.), House T&I Committee ranking member, said talks on a highway bill are advancing as the panel prepares to schedule legislative action.
Hormuz Oil Flows Fell Nearly 30% in Q1, EIA Says
Flows of crude oil and fuels through the Strait of Hormuz fell by nearly 6 million barrels per day in Q1, the start of a seismic energy shock.
Iran War Is Going to Make Oil Changes More Expensive
A broad group of industrial lubricants known as base oils, which are used to make motor oil, are in very short supply with no signs of easing on the horizon.
ATA Continues Push for Excise Tax Repeal on New Trucks
Bill sponsors say the federal excise tax can add between $15,000 and $30,000 to the purchase price of a new truck, which discourages fleet turnover.
FMCSA Unveils Motus to Modernize Carrier Registration
FMCSA is launching a new online registration dashboard for freight industry companies that has fraud protections and cellphone accessibility.
Amazon Puts Alexa Inside the Shopping Search Bar in AI Push
The new tool — called Alexa for Shopping — supplants Rufus, the shopping assistant bot that summarized product reviews and suggested purchases.
Wholesale Prices Skyrocket With Diesel Up 12.6%
Energy prices climbed 7.8% from March to April and 22.7% from a year earlier. Gasoline soared 15.6% from March and diesel jumped 12.6%.
Nissan Reduces Losses and Expects to Return to Profit
Quarterly sales declined nearly 2% to $22 billion. Nissan said it was working on cost cuts and other efforts to become more profitable.
Oil Prices Steady as Trump Arrives for China Summit
The price for a barrel of Brent crude inched down 46 cents to $101.72.
Trump Puts Trade Ahead of Iran for Xi Summit Priorities
President Donald Trump said he would prioritize trade discussions over the Iran war during his summit with Chinese counterpart Xi Jinping.